CF Industries Holdings, Inc. (NYSE:CF) Receives $93.06 Average Price Target from Analysts

CF Industries Holdings, Inc. (NYSE:CF) has been assigned a consensus recommendation of “Hold” from the twenty brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $93.0625.

Several equities research analysts have weighed in on CF shares. Wells Fargo & Company assumed coverage on CF Industries in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $100.00 target price on the stock. HSBC cut their price target on CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of CF Industries in a research report on Monday. Bank of America raised their target price on CF Industries from $82.00 to $83.00 and gave the company an “underperform” rating in a research report on Tuesday, October 14th. Finally, Cibc Captl Mkts upgraded CF Industries to a “hold” rating in a research report on Tuesday, December 2nd.

CF Industries Stock Up 0.5%

Shares of NYSE:CF opened at $77.35 on Monday. The company’s fifty day moving average is $80.38 and its two-hundred day moving average is $86.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27. CF Industries has a 1-year low of $67.34 and a 1-year high of $104.45. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 9.32 and a beta of 0.68.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. Equities analysts anticipate that CF Industries will post 5.83 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Ensign Peak Advisors Inc lifted its holdings in CF Industries by 24.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 95,289 shares of the basic materials company’s stock valued at $8,767,000 after acquiring an additional 18,666 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of CF Industries by 5.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock worth $25,442,000 after purchasing an additional 15,291 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of CF Industries in the 1st quarter worth approximately $849,000. Swiss National Bank lifted its stake in CF Industries by 2.7% during the second quarter. Swiss National Bank now owns 504,000 shares of the basic materials company’s stock valued at $46,368,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Foster & Motley Inc. lifted its stake in CF Industries by 131.4% during the second quarter. Foster & Motley Inc. now owns 32,829 shares of the basic materials company’s stock valued at $3,020,000 after purchasing an additional 18,640 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.